Broker snap: UBS downgrades M&S, ASOS on margin concerns
18th Dec 2013 08:32
High Street retail group Marks & Spencer was trading in the red on Wednesday morning after analysts at UBS cut their rating on the stock from 'buy' to 'neutral', highlighting higher levels of promotional spend across the industry as of late. "The clothing retailers look to have pressed the panic bu
Read moreBroker tips: RSA, Dixons, ASOS
17th Dec 2013 11:09
Barclays has maintained an 'underweight' rating on troubled insurance group RSA, saying that a potential equity raise could result in further downside to the stock. The bank said that "clarity [is] urgently required over the plans to strengthen the solvency, and assurance provided over the group re
Read moreBroker snap: Panmure downgrades ASOS after strong run
17th Dec 2013 09:43
Analysts at Panmure Gordon have cut their rating for online fashion retailer ASOS from 'buy' to 'hold' after the stock's impressive performance so far this year. "ASOS shares have risen 124% year-to-date to trade at all-time highs," said analysts Simon French and Karl Burns. The broker has made mi
Read moreTuesday broker round-up UPDATE
17th Dec 2013 08:14
Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price from 1110p to 1035p, while staying with its buy recommendation. ASOS: Panmure Gordon increases target price from 5950p to 6126p, while downgrading fr
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreMonday broker round-up UPDATE
9th Dec 2013 08:31
Alternative Networks: FinnCap takes target price from 390p to 430p and retains a buy recommendation. Investec ups target price from 390p to 440p maintaining a buy recommendation. Anite: Panmure Gordon shifts target price from 142p to 143p and keeps a buy recommendation. Canaccord Genuity upgrades f
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreSports Direct's Ashley sells 16m shares, YouGov founder trades in 3.35m
24th Oct 2013 16:03
Sports Direct's founder Mike Ashley has sold 16m shares in the retailer, representing a 2.7 per cent holding and netting the billionaire owner of Newcastle United 106m pounds. An announcement to the stock exchange revealed Ashley had sold the shares at a price of 662.5p, marking a 7.5% discount to
Read moreAsos on track for 1bn-pound sales target as FY profit rises
23rd Oct 2013 07:24
British online fashion retailer Asos said it was on track to hit a one billion pounds sales target as it announced higher annual profits. The group, which has cashed in on the growing trend for online clothes shopping in the UK and overseas, said it had another strong performance in the year to Aug
Read moreWednesday preview: BoE releases MPC meeting minutes
22nd Oct 2013 15:01
The Bank of England (BoE) will release minutes of its last meeting on Wednesday, shedding further light on the central bank's decision to keep its monetary policy unchanged. The BoE's Monetary Policy Committee earlier this month stuck to its pledge to keep interest rates at a record low of 0.5% unt
Read moreFriday broker round-up UPDATE
20th Sep 2013 08:06
African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged. Ashmore Group: Berenberg cuts target price from 500p to 470p and retains a buy recommendation. ASOS: Deutsche Bank raises target price from 4450p to 4800p and reiterates a hold recomm
Read moreBroker tips: Asos, Sinclair, Booker
19th Sep 2013 11:31
Online fashion retailer Asos impressed investors on Thursday as it beat fourth quarter forecasts to wrap up the year in style. The AIM-listed company lifted retail sales 47% to £208m in the fourth quarter to produce a 40% increase to £754m for the full year, supported by rapid growth in Europe and
Read moreBroker snap: Asos shares surge as Jefferies says 'buy'
19th Sep 2013 10:27
Online fashion retailer Asos impressed investors on Thursday as it beat fourth quarter forecasts to wrap up the year in style. Chief Executive Officer Nick Robertson said pre-tax profits for the year ended August 31st would be "marginally" above expectations. The AIM-listed company lifted retail s
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
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